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VC Rejection Lettery

A friend of mine sent me a 10 page VC Rejection Letter (that landed in his inbox). I am going for put this into the “almost must read category”. It completely cracked me up, and will either make you (i) hate VCs, (ii) realize that VCs can find a way to get to “NO” under almost any circumstance, (iii) realize that the letter actually has some very good tips for those raising $$ and/or (iv) make you laugh.